Business Ethics and Corporate Governance, Second Edition

INTRODUCTION

As we read in Chapter One, corporate governance has become the beacon light that helps the discerning public authorities and analysts to evaluate the performance of public limited companies on the basis of certain ideal parameters. The concept has gained currency of late and governments all over the world, especially those countries that practise free enterprise-oriented economic systems, swear by it. Since large corporations, both local and those incorporated elsewhere have sizable impact on the economies especially in developing countries such as ours, public authorities have been striving to put in place a set of rules and regulations to evolve best corporate governance practices that would help the orderly growth of their economies. ...